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Slideshow Mergers & Acquisitions

By The Online Investor Staff, updated Fri., Apr. 19, 3:15 PM

Slide #20. Axalta Coating Systems Dura Coat Products

Acquirer: Axalta Coating Systems (NYSE:AXTA)
Acquiree: Dura Coat Products
Details: Axalta Coating Systems (NYSE:AXTA), a leading global supplier of liquid and powder coatings, has completed its acquisition of a majority stake in Dura Coat Products, a leading manufacturer of coatings for metal coil and aluminum extrusion markets in North America. Financial terms of the transaction were not disclosed. Dr. Myung Ki Hong will remain Chairman and Chief Executive Officer of Dura Coat to ensure a smooth transition of the business.

Axalta Coating Systems is a holding company. Through its subsidiaries, Co is a manufacturer, marketer and distributor of coatings systems. Through its Performance Coatings segment, Co. provides liquid and powder coatings solutions to a fragmented and local customer base, as well as a number of regional and global customers. Co. is a supplier with the technology to provide color matching and coatings systems. Through its Transportation Coatings segment, Co. provides coatings technologies to original equipment manufacturers of light and commercial vehicles. Co.'s products consist of coatings layers: electrocoat (AquaEC™), primer (HyperDur™), basecoat (ChromaDyne™) and clearcoat (Lumeera™).

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Company Name:  Axalta Coating Systems Ltd
Stock buyback:  AXTA buyback
Website:  www.axaltacoatingsystems.com
Sector:  Construction Materials & Machinery
Number of ETFs Holding AXTA:  56
Total Market Value Held by ETFs:  $1.13B
Total Market Capitalization:  $7.00B
% of Market Cap. Held by ETFs:  16.15%
 

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April 19, 2024    3:15 PM Eastern
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Buy (3.35 out of 4)
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